They could establish a gulag there and ship prisoners to it. Then have them grow wheat to be sent back to earth. And have a warden run the whole thing with the aid of a sentient computer named 'Mycroft'.

Many regulations are in place to assure safety and the public good. However, all too often, the regulated get control of the regulatory agencies ("regulatory capture") and then regulations are created to preserve the incumbents dominant market position and/or business model.